China: Dongwu Cement and Hengtong Group have agreed to establish a 50:50 joint venture company with a registered capital of US$24.8m.
The joint venture scope includes highways, urban roads, bridges, tunnels, foundation works, sewage treatment and drainage works. It also covers the construction and management of industrial and civil buildings and landscaping projects, including engineering technical consultation, project supervision, project bidding agency, property management, sales of building materials and domestic trade.